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Simple Candlestick-Pivot Method
Started Jan 17, 2008|Trading Systems|265 replies
First of all i'd like to thank everyone who helped me improving my trading skillls..Although ...
its been always nice to see getting succesfull on a real time trade and not being emberassed in front of the people
hit my target profit with 100 pips...
it wasnt a perfect setup but already hit +50 and moved my sl to breakeven..now i'm in free ride..thats the part i love...
although i am not a big fan of taking trade around the middle pivot points ( i prefer support and res lines)there was a nice big movement down and there is a completing 1 hr candle right now on gj that might be a good reversal signal which is just ...
as the reversal candle (morning,evening star or pin bar) completes its form i take the trade by the opening of the new candle
i marked some candles that i take as a reversal signal..
my time zone is gmt+2..which is same with the fxdd..
to me its enough to see price touching pivot points..morning star and pin bar are my favourite reversal signals...if the main movement is downward i look for a reversal candle with opposite colour(upward).. lets say we are in bearish movement (red) ...
i am using this indicator on my fxdd mt platform..
Although gj has higher spread then most of the other pairs its still my favourite currency..because of volatility and loyalty on candlestick patterns I use a daily pivot indicator on 1 hr chart..so i always try to make it simple.. p.s(i"m a civil ...
First of all i'd like to thank everyone who helped me improving my trading skillls..Although ...